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怪兽充电赴美上市 - 2021年05月14日

Power bank, bike rental companies move to expand for future profits

Shanghai-based Energy Monster, a company that provides rental portable chargers in public places for lithium-battery mobile phones, jumped nearly 18 percent in its debut on New York’s Nasdaq market last month. Was it a sign that a popular trend in the so-called “sharing economy” is here to stay?
Energy Monster has placed portable chargers in bars, hotels, restaurants, entertainment venues and transportation hubs. It said it would use the proceeds from its US$150 million initial public offering to finance business expansion and attract new partners to secure more public venues.
The company, which counts Alibaba Group as one of its minority shareholders, reported a revenue rise of 39 percent in 2020, but profit shrank 83 percent to 112.6 million yuan on soaring costs of sales and marketing.

 

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